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Heavy Duty Engines Global Market Report 2022

Published: Pre-Order | The Business Research Company | 175 Pages | Delivery time: 2-10 business days

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Heavy Duty Engines Global Market Report 2022
Published: Pre-Order
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
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  • Table of Contents

“Heavy Duty Engines Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global heavy duty engines market.

This report focuses on heavy duty engines market which is experiencing strong growth. The report gives a guide to the heavy duty engines market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order.

Where is the largest and fastest growing market for the heavy duty engines? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Heavy Duty Engines market global report” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider heavy duty engines market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The heavy duty engines market section of the report gives context. It compares the heavy duty engines market with other segments of the heavy duty engines market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, heavy duty engines indicators comparison.

Scope

Markets Covered:

  • 1) By Vehicle Class: Class 7; Class 8
  • 2) By Horsepower: Below 400HP; 400HP - 500HP; 500HP - 600HP; Above 600HP
  • 3) By End-User: Agriculture; Mining; Construction; Transportation and Logistics; Other End Users
  • Companies Mentioned: Cummins Inc.; Caterpillar Inc.; Volvo Trucks Corporation; Hino Motors Ltd.; Mack Trucks Inc.
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Executive Summary

Major players in the heavy duty engines market are: Cummins Inc., Caterpillar Inc., Volvo Trucks Corporation, Hino Motors Ltd., Mack Trucks Inc., Perkins, Detroit Diesel Corporation, PACCAR, Isuzu, Komatsu, Kirloskar, John Deere, Ashok Leyland Ltd, and Liebherr.

The global heavy duty engine market is expected to grow from $41.99 billion in 2021 to $45.66 billion in 2022 at a compound annual growth rate (CAGR) of 8.7%. The heavy duty engine market is expected to grow to $58.76 billion in 2026 at a CAGR of 6.5%.

The heavy-duty engine market consists of sales of heavy-duty engines by entities (organizations, sole traders, and partnerships) that are used in producing power for heavy engines for many sectors, such as marine, locomotive, and mechanical drive applications and electrical power generation. Heavy-duty engines refer to the engines that are used for heavy-duty vehicles. Heavy-duty vehicles usually have a gross vehicle weight of 10,000 pounds or more, which can be worked only with the help of heavy engines.

The main types of heavy-duty engines are class 7 and class 8 vehicles. The class 7 heavy-duty engines are defined as vehicles designed to carry heavy loads. The class 7 vehicles usually have three or more axles, with a gross vehicle weight rating of between 26,001 pounds and 33,000 pounds. The most commonly used class 7 vehicles are garbage trucks, city transit buses, and street sweepers. The various horsepower include below 400hp, 400hp-500hp, 500hp-600hp, and above 600hp. It is employed by numerous end-users in such areas as agriculture, mining, construction, transportation and logistics, and others.

Asia Pacific was the largest region in the heavy duty engine market in 2021. The regions covered in the heavy duty engine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The heavy-duty engines market research report is one of a series of new reports from The Business Research Company that provides heavy-duty engine market statistics, including heavy-duty engine industry global market size, regional shares, competitors with a heavy-duty engine market share, detailed heavy-duty engine market segments, market trends and opportunities, and any further data you may need to thrive in the heavy-duty engines industry. This heavy-duty engine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The growing construction industry is expected to propel the growth of the heavy-duty engine market going forward. Construction refers to the process, art, or manner of building some structure. Construction includes residential buildings, institutional and commercial buildings, and specialized industrial construction. Heavy-duty engines are used for preparing concrete mixes for big construction projects along with carrying big loads that make up the structure. For instance, according to Make in India, an initiative by the Indian government to encourage companies to develop and manufacture products that are made in India, the Indian construction and real estate sector is expected to reach US$ 1 trillion by 2030. Also, the construction and real estate sector contribution to India's GDP is expected to reach 13% by 2025. Therefore, the rising construction industry is driving the growth of the heavy-duty engine market.

Technological advancements have emerged as a key trend gaining popularity in the heavy-duty engine market. Major companies operating in the market are introducing technological innovations to sustain their position in the market. For instance, in February 2021, Clear Flame Engine Technologies, a US-based start-up that manufactures heavy-duty engines, launched its net-zero engine technology. With this technology, heavy-duty truck diesel engines can be operated on 100% renewable plant-based fuels. This technology helps in increasing the machine's capacity and makes it environmentally friendly. It also helps in meeting the efficiency and performance requirements of the customer.

In July 2021, Traton Group, a Germany-based manufacturer of commercial vehicles, acquired Navistar International Corporation for US $3.7 billion. Traton Group aims at providing sustainable transportation offerings through autonomous driving establishments and electric mobility implementations. Navistar International Corporation is a US-based manufacturer of heavy-duty engines such as trucks and diesel engines.

The countries covered in the heavy duty engine market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Product Code: h1900

Table of Contents

1. Executive Summary

2. Heavy Duty Engines Market Characteristics

3. Heavy Duty Engines Market Trends And Strategies

4. Impact Of COVID-19 On Heavy Duty Engines

5. Heavy Duty Engines Market Size And Growth

  • 5.1. Global Heavy Duty Engines Historic Market, 2016-2021, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Heavy Duty Engines Forecast Market, 2021-2026F, 2031F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Heavy Duty Engines Market Segmentation

  • 6.1. Global Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Class 7
  • Class 8
  • 6.2. Global Heavy Duty Engines Market, Segmentation By Horsepower, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Below 400HP
  • 400HP - 500HP
  • 500HP - 600HP
  • Above 600HP
  • 6.3. Global Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Agriculture
  • Mining
  • Construction
  • Transportation and Logistics
  • Other End Users

7. Heavy Duty Engines Market Regional And Country Analysis

  • 7.1. Global Heavy Duty Engines Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 7.2. Global Heavy Duty Engines Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

8. Asia-Pacific Heavy Duty Engines Market

  • 8.1. Asia-Pacific Heavy Duty Engines Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 8.3. Asia-Pacific Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

9. China Heavy Duty Engines Market

  • 9.1. China Heavy Duty Engines Market Overview
  • 9.2. China Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
  • 9.3. China Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

10. India Heavy Duty Engines Market

  • 10.1. India Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 10.2. India Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

11. Japan Heavy Duty Engines Market

  • 11.1. Japan Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 11.2. Japan Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

12. Australia Heavy Duty Engines Market

  • 12.1. Australia Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 12.2. Australia Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

13. Indonesia Heavy Duty Engines Market

  • 13.1. Indonesia Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 13.2. Indonesia Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

14. South Korea Heavy Duty Engines Market

  • 14.1. South Korea Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 14.2. South Korea Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

15. Western Europe Heavy Duty Engines Market

  • 15.1. Western Europe Heavy Duty Engines Market Overview
  • 15.2. Western Europe Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 15.3. Western Europe Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

16. UK Heavy Duty Engines Market

  • 16.1. UK Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 16.2. UK Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

17. Germany Heavy Duty Engines Market

  • 17.1. Germany Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 17.2. Germany Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

18. France Heavy Duty Engines Market

  • 18.1. France Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 18.2. France Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

19. Eastern Europe Heavy Duty Engines Market

  • 19.1. Eastern Europe Heavy Duty Engines Market Overview
  • 19.2. Eastern Europe Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 19.3. Eastern Europe Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

20. Russia Heavy Duty Engines Market

  • 20.1. Russia Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 20.2. Russia Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

21. North America Heavy Duty Engines Market

  • 21.1. North America Heavy Duty Engines Market Overview
  • 21.2. North America Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 21.3. North America Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

22. USA Heavy Duty Engines Market

  • 22.1. USA Heavy Duty Engines Market Overview
  • 22.2. USA Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 22.3. USA Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

23. South America Heavy Duty Engines Market

  • 23.1. South America Heavy Duty Engines Market Overview
  • 23.2. South America Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 23.3. South America Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

24. Brazil Heavy Duty Engines Market

  • 24.1. Brazil Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 24.2. Brazil Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

25. Middle East Heavy Duty Engines Market

  • 25.1. Middle East Heavy Duty Engines Market Overview
  • 25.2. Middle East Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 25.3. Middle East Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

26. Africa Heavy Duty Engines Market

  • 26.1. Africa Heavy Duty Engines Market Overview
  • 26.2. Africa Heavy Duty Engines Market, Segmentation By Vehicle Class, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • 26.3. Africa Heavy Duty Engines Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

27. Heavy Duty Engines Market Competitive Landscape And Company Profiles

  • 27.1. Heavy Duty Engines Market Competitive Landscape
  • 27.2. Heavy Duty Engines Market Company Profiles
    • 27.2.1. Cummins Inc.
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Caterpillar Inc.
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Volvo Trucks Corporation
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Hino Motors Ltd.
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Mack Trucks Inc.
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Heavy Duty Engines Market

29. Heavy Duty Engines Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Research Inquiries
  • 30.4. The Business Research Company
  • 30.5. Copyright And Disclaimer